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Contiocean Environment Tech Group (2613) Fair Value & Analysis

Industrials · HK · Market cap HK$1.2B

CE Contiocean Environment Tech Group 2613 · HK
PriceHK$32.00
Fair ValueHK$5.95
Upside-81.4%
Quality36/100
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Expensive Growth
Thin margins · 1.5% net margin
Low debt · negative free cash flow
Trails peers (2/12)
Narrow moat 25/100
Evidence: High Range HK$2.57 – HK$5.95 Share as image

Fair value as of: Aug 5, 2026

From 17 valuation models · updated 6 days ago

Fair value updated Aug 5, 2026, revised from HK$5.91 to HK$5.95 (+0.7%) since Jul 2, 2026. Share price +4.6% over the past month.

Below-average quality, and screening another 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$5.95). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$2.57 to HK$5.95) leaves room in how you read the outcome.
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Price vs Fair Value (19 months)

HK$37.02 HK$23.50 Fair Value HK$5.95 Jan 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

19‑month range HK$23.50 – HK$37.02 · fair‑value band HK$2.57 – HK$5.95 · the HK$32.00 price screens above the HK$5.95 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Contiocean Environment Tech Group (2613) currently trades at HK$32.00, while our model-based Fair Value estimate is HK$5.95, implying the stock looks roughly 81.4% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Contiocean Environment Tech Group generated revenue of HK$383M at a net margin of 1.5%. Revenue declined 13.8% year over year. It earns a return on equity of 1.1%. The balance sheet holds a net cash position of HK$94.7M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$2.57 (bear case) to HK$5.95 (bull case); at HK$32.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -81%, 2613 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$8.14 HK$7.56 HK$5.12 76
ROIC Compounder HK$11.04 HK$11.67 HK$12.20 72
Gordon GGM HK$11.62 HK$20.93 HK$28.82 70
All 17 models by family
DCF Models
Owner Earnings HK$9.62 HK$12.15 HK$16.25 31
Earnings-Based
Graham-Dodd HK$0.9600 HK$5.12 HK$7.09 54
Lynch FV HK$1.41 HK$2.02 HK$2.63 50
PEG = 1.0 HK$1.41 HK$2.02 HK$2.63 46
EPV HK$11.04 HK$11.67 HK$12.20 59
Dividend Discount
Gordon GGM HK$11.62 HK$20.93 HK$28.82 70
DDM Multi-Stage HK$11.62 HK$19.12 HK$22.36 61
Multiples
P/E Multiple HK$2.21 HK$2.95 HK$3.69 63
P/S Multiple HK$1.79 HK$2.39 HK$2.99 58
P/B Multiple HK$1.79 HK$2.39 HK$2.99 55
EV/EBIT HK$14.62 HK$17.36 HK$20.10 53
EV/EBITDA HK$14.38 HK$17.04 HK$19.70 54
EV/Revenue HK$12.26 HK$14.78 HK$17.29 43
Asset-Based
NCAV (Graham) HK$6.26 HK$8.39 HK$12.52 50
Economic Profit
Residual Income HK$8.14 HK$7.56 HK$5.12 76
ROIC Compounder HK$11.04 HK$11.67 HK$12.20 72
Growth Earnings
Growth-Adj P/E HK$2.08 HK$2.97 HK$3.87 68

Widest divergence: Dividend Discount (HK$19.12) versus Earnings-Based (HK$2.02). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$383M
Revenue growth (YoY) -13.8%
Net margin 1.5%
Return on equity 1.1%
Free cash flow −HK$39.5M FY2025
P/E ratio 191.6
More key figures
Operating margin 9.2%
EPS (TTM) HK$0.1800
EPS growth (YoY) -93.6%
Net cash HK$94.7M FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 39 · Market factors (momentum, volatility) 49

Profitability 22
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Contiocean Environment Tech Group Co., Ltd., together with its subsidiaries, engages in the development and commercialization of various maritime environmental protection equipment and systems in the People's Republic of China.

Full company description

Contiocean Environment Tech Group Co., Ltd., together with its subsidiaries, engages in the development and commercialization of various maritime environmental protection equipment and systems in the People's Republic of China. It operates through Marine exhaust gas cleaning systems; Marine energy-saving devices; Marine clean-energy supply systems; and Maritime services segments. It offers marine exhaust gas cleaning systems to reduce sulfur emissions from ships and mitigate the impact of shipping on air quality; marine energy-saving devices to reduce fuel consumption for ships and lower the carbon emissions in maritime operations; and marine clean-energy supply systems, which assists ships to utilize clean energy to power their operation. The company also provides maritime services, such as ship accommodation interior design and construction; and container ship, and pure car and truck carrier lashing gears. In addition, it offers other maritime services, including provision of maritime equipment and spare parts comprising hydro blasting machines, hydroponic vegetable cabinets, etc.; personal protective equipment for crew members; improves onboard living environment and streamlines maritime operations; ship retrofitting and ship repair supervision; and ship cyber security solutions, etc. It serves shipowners and ship builders primarily in Mainland China, Hong Kong, Singapore, the United Kingdom, the United States, and internationally. The company was founded in 2017 and is headquartered in Shanghai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Contiocean Environment Tech Group reported revenue of HK$373M in FY2025 versus HK$141M in FY2021, a compound +27.7%/yr. Reported net income was HK$5.5M in FY2025, compounding −19.0%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$373M
Latest YoY
−39.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.8%
Revenue +27.7%/yr
FY21 HK$141M
FY22 HK$267M
FY23 HK$510M
FY24 HK$614M
FY25 HK$373M
Net income −19.0%/yr
FY21 HK$12.8M
FY22 HK$36.7M
FY23 HK$121M
FY24 HK$121M
FY25 HK$5.5M

2613 screens 81% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "Contiocean Environment Tech Group Fair Value". https://www.fairvalue-calculator.com/stock/2613

Peer Group

Aerospace & Defense · 226 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 1% · Bottom 25%
Return on assets 3% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth -14% · Bottom 25%

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 191.6× · Pricier than 75% of peers
P/B 2.45× · Cheaper than median
P/S (TTM) 3.13× · Pricier than median
EV/EBITDA 33.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 46
PAST 4 · sector 38
HEALTH 100 · sector 94
DIVIDEND 0 · sector 15

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Contiocean Environment Tech Group (2613) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$5.95 versus a price of HK$32.00, about −81% (overvalued).
What is the fair value of 2613?
Our model-based fair value for Contiocean Environment Tech Group is HK$5.95 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$32.00.
What is the quality score of 2613?
Contiocean Environment Tech Group has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Contiocean Environment Tech Group (2613)?
Contiocean Environment Tech Group reported trailing-twelve-month revenue of about HK$383M (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 2613?
The net profit margin of Contiocean Environment Tech Group is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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